Recognisition of export sales
This query is : Resolved
25 July 2015
shippin bill date is 31.3.15 and bill of lading date is 11.4.15 then export sales should be recognised as export sales on which date ie 31.3.15 or 11.4.15 on cif basis
25 July 2015
Refer to Handbook of procedures vol-1(2015-2020) Para 2.17 Date of reckoning of Import / Export
Para "(b) Date of reckoning of export is decided with reference to date of shipment / dispatch of goods from India as given in Paragraph 9.12 of Handbook of Procedures. However, for benefit under FTP, Let Export Order (LEO) date shall be the date of reckoning of export"
PARA 9.12 Date of Shipment/ Dispatch in respect of ExportsOF FOREIGN TRADE POLICY PROCEDURES 2015-2020
(D) However, for benefit under FTP, Let Export Order (LEO) date shall be the date of reckoning of export.
in view of above LEO DATE OF SHIPPING BILL.
Para "(b) Date of reckoning of export is decided with reference to date of shipment / dispatch of goods from India as given in Paragraph 9.12 of Handbook of Procedures. However, for benefit under FTP, Let Export Order (LEO) date shall be the date of reckoning of export"
PARA 9.12 Date of Shipment/ Dispatch in respect of ExportsOF FOREIGN TRADE POLICY PROCEDURES 2015-2020
(D) However, for benefit under FTP, Let Export Order (LEO) date shall be the date of reckoning of export.
in view of above LEO DATE OF SHIPPING BILL.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Invertaded duty struture
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
